WOL 3D (India) Ltd. opened the subscription window for its preliminary public providing (IPO) on Monday. The WOL 3D IPO contains a recent challenge of 14.52 lakh shares value Rs 21.78 crore and an offer-for-sale element of two.52 lakh shares aggregating Rs 3.78 crore. The SME challenge of WOL 3D was subscribed 17.11 occasions on Monday.
This is all it is advisable to find out about WOL 3D Restricted IPO.
WOL 3D IPO Particulars
WOL 3D IPO can be open between September 23 and September 25. The NSE SME challenge seems to mop up Rs 25.56 crore by the preliminary share sale.
Allotment of shares within the IPO can be finalised on September 26. This can be adopted by credit score of shares into the demat account of profitable bidders and initiation of refunds to non-allottees on September 27.
The shares can be listed on the NSE SME platform, Emerge, tentatively on September 30.
WOL 3D IPO worth band has been mounted at Rs 142 to Rs 150 per share, with a face worth of Rs 10 every. Retail traders have to purchase a minimum of 1,000 shares in rather a lot, totalling a minimal funding of Rs 1,50,000 on the higher finish of the worth band.
As per the firm’s purple herring prospectus, of the 17,04,000 shares supplied – 18.96% is reserved for QIB, 14.26% for NII, 33.22% for RII and 28.4% for Anchor traders.
The registrar for the WOL 3D IPO is BigShare Companies Pvt. Ltd., whereas Hem Securities Ltd. is the book-running lead supervisor. Hem Finlease is the market maker of the problem.
WOL 3D IPO Day 2 Subscription Standing
The IPO has been subscribed 29.29 occasions as of 11:55 a.m. on Tuesday
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Certified establishments: 3.10 occasions
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Non-institutional patrons: 22.20 occasions
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Retail traders: 47.29 occasions
The subscription standing can be up to date at common intervals.
WOL 3D IPO GMP Immediately
The gray market premium (GMP) of WOL 3D IPO is Rs 65 as of 10:26 a.m. on September 24, implying a 43.33% acquire over the IPO worth, based on Chittorgarh’s unit Investorgain. The estimated itemizing worth based mostly on the GMP is Rs 215 per share.
GMP is just not an official worth quote for the inventory and is predicated on hypothesis.
WOL 3D (India) Ltd. Enterprise
WOL 3D (India) Ltd. offers 3D printing options to allow simpler prototyping. Sectors resembling manufacturing, training, engineering, structure, inside designing, trend designing and extra use their companies.
The corporate goals to bridge the hole between ideation and manufacturing by offering high-quality and cost-effective 3D Printing options with cutting-edge expertise.
Wol 3D (India) has 4 department workplaces– Delhi, Hyderabad, Bengaluru and Mumbai– and 5 franchisee workplaces situated in Pune, Chennai, Coimbatore, Rajkot and Nagercoil. Their manufacturing unit is situated in Bhiwandi, Maharashtra.
The corporate sells its merchandise by Flipkart, Jiomart, Firstcry, Indiamart, Snapdeal, Moglix and Amazon Vendor Companies; and thru retail chain shops like Croma and Crosswords.
Use of Proceeds
Wol 3D (India) plans to make use of the proceeds from its IPO to repay, partly or full, sure excellent money owed. The funds may even be used to satisfy working capital wants and for common company functions.
Financials
Wol 3D (India) Ltd. reported a income of Rs 40 crore for the yr ended March 31, 2024, which was a 68.7% enhance from Rs 23.71 crore within the yr ended March 31, 2023. Revenue after tax elevated 109% to Rs 5 crore in FY24, up from Rs 2.4 crore within the earlier monetary yr.
Disclaimer: Investments in preliminary public choices are topic to market dangers. Please seek the advice of with monetary advisors and browse purple herring prospectus completely earlier than putting bids.
Disclaimer: Investments in preliminary public choices are topic to market dangers. Please seek the advice of with monetary advisors and browse the purple herring prospectus completely earlier than putting bids.
. Learn extra on IPOs by NDTV Revenue.
